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To: DoughtyOne
"Any monetary parking spot, competes with other monetary parking spots. If people were to start holding Bitcoin vs the U. S. Dollar, the dollar would come under negative pressure. That negative pressure on the dollar would not be helpful."

And the reason people may do just that is BECAUSE of the federal reserve printing money. No one can print more bitcoin. There are 21 million and that's it.

The government steals your wealth without ever having access to your funds by simply increasing the supply of money. "printing money".

35 posted on 01/18/2018 12:23:27 PM PST by precisionshootist
[ Post Reply | Private Reply | To 23 | View Replies ]


To: precisionshootist

And yet the value of the bitcoin is 15,000 one day, and 10,000 the next.

Has your dollar ever been worth 66 cents the next day?


38 posted on 01/18/2018 12:26:32 PM PST by DoughtyOne (a/o 01/17/18 DJIA close 26,115.65, 45.993% > the morning of 11/07/16. 716.77 to 50% increase..)
[ Post Reply | Private Reply | To 35 | View Replies ]

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